Here we go! XM raises subscription prices for Canada!

Discussion in 'Mobile Phones / Entertainment' started by Ronald Epstein, Jul 14, 2006.

  1. Ronald Epstein

    Ronald Epstein Founder
    Owner

    Joined:
    Jul 3, 1997
    Messages:
    48,304
    Likes Received:
    5,481
    Trophy Points:
    9,110
    Real Name:
    Ronald Epstein
    XM Satellite Radio boosts monthly charges

    http://tinyurl.com/n3w8n

    Pay radio is becoming more expensive. Canadian Satellite Radio, the operators of the XM Canada satellite radio service, plans to boost monthly fees by $2 in September to curb huge losses.

    Effective Sept. 1, new subscribers will pay $14.99 a month for the service. Current subscribers and those who sign on before Sept. 1 will stay at the old price of $12.99 for an additional year.

    XM says it generated revenue of $2.34 million in the quarter ended May 31, from subscriptions, activations, advertising and the sale of radios. But losses totalled $20.4 million.

    For the first nine months of the year, CSR says it lost $79 million on revenue of $3.53 million.

    CSR says it had 80,000 subscribers for XM Canada by the end of May, exceeding projections of 75,000 subscribers by the end of August. The company is forecasting a million subscribers by August 2010.
     
  2. TheLongshot

    TheLongshot Producer

    Joined:
    May 12, 2000
    Messages:
    4,118
    Likes Received:
    0
    Trophy Points:
    0

    If they exceeded expectations in subscribers, why is the price getting raised?

    Sounds like someone in management royally screwed up.

    Jason
     
  3. Rod J

    Rod J Stunt Coordinator

    Joined:
    Feb 27, 2005
    Messages:
    178
    Likes Received:
    0
    Trophy Points:
    110
    Location:
    Michigan, USA
    Real Name:
    Rodney Jewett

    With losses like that. they should shut down immediately..
     
  4. Ronald Epstein

    Ronald Epstein Founder
    Owner

    Joined:
    Jul 3, 1997
    Messages:
    48,304
    Likes Received:
    5,481
    Trophy Points:
    9,110
    Real Name:
    Ronald Epstein
    From what I understand from someone that gave me a lot
    of shit on another forum about this....

    The hike in price is restricted to XM Canada, a separate company
    from our XM. The Canadian price is also, supposedly, equal to our
    $12.99 price.
     

Share This Page